The Russell/Nomura PRIMETM Japan fund is an exchange traded fund (ETF) within the SPDR family. An extremely similar return profile for JPP can be found in at least 1 other fund we are tracking.

Within the SPDR family of funds, the most positively correlated other funds are S&P International Technology Sector, S&P International Consumer Discretionary Sector, S&P Software & Services, S&P International Health Care Sector, S&P International Telecommunications Sector.

Outside of the SPDR family, the most positively correlated other funds are iShares - MSCI Japan ETF, iShares - U.S. Insurance ETF, Vanguard - Financials, Vanguard Mutual Funds - Financials Index Admiral Shares, iShares - U.S. Financials ETF.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to SPDR's Russell/Nomura PRIMETM Japan fund: iShares - MSCI Japan ETF. The correlation between their daily movements is 99.3%.

Performance for the previous 2 years

Negatively Correlated SPDR funds
EDIV SPDR S&P Emerging Markets Dividend -63.1%
RBL SPDR S&P Russia -61.4%
TOTL SPDR DoubleLine Total Return Tactical -43.8%
BIL SPDR Barclays 1-3 Month T-Bill -43.7%
GNR SPDR S&P Global Natural Resources -41.7%

Positively Correlated Non-SPDR funds
EWJ iShares MSCI Japan ETF 99.3%
IAK iShares U.S. Insurance ETF 95.7%
VFH Vanguard Financials 95.5%
VFAIX Vanguard Mutual Funds Financials Index Admiral Shares 95.4%
IYF iShares U.S. Financials ETF 95.1%
Negatively Correlated Non-SPDR funds
RING iShares MSCI Global Gold Miners ETF -88.8%
SLVP iShares MSCI Global Silver Miners ETF -86.0%
EWZS iShares MSCI Brazil Small-Cap ETF -74.0%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -66.0%
EEML iShares MSCI Emerging Markets Latin America ETF -64.8%

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